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Reflections on the 2010 AMR Decade Award: Whither the Promise? Moving Forward with Entrepreneurship As a Science of the Artificial. Academy of Management Review
- DOI: http://dx.doi.org/10.1002/smj.4250050207 Wood, M.S., & Pearson, J.M. (2009). Taken on Faith? The Impact of Uncertainty, Knowledge Relatedness, and Richness of Information on Entrepreneurial Opportunity Exploitation. Journal of Leadership & Organizati
, 2012
"... In this article we speak of roads taken and paths yet to be traversed. Over the past decade, entrepreneurship researchers have accumulated considerable work related to opportunities. Here we outline new possibilities opened up by that work and seek to recast entrepreneurship as a science of the arti ..."
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In this article we speak of roads taken and paths yet to be traversed. Over the past decade, entrepreneurship researchers have accumulated considerable work related to opportunities. Here we outline new possibilities opened up by that work and seek to recast entrepreneurship as a science of the artificial in three ways: understanding opportunities as made as well as found, moving beyond new combinations to trans-formations, and developing a new nexus around actions and interactions. In “The Promise of Entrepreneurship As a Field of Research ” (hereon referred to as “Prom-
Grappling With the Unbearable Elusiveness of Entrepreneurial Opportunities
"... The notion of opportunity, as currently discussed in entrepreneurship research, is theoreti-cally exciting but empirically elusive. This article seeks to stimulate a new conversation about entrepreneurial opportunities by distinguishing two conceptions of entrepreneurial behavior—formal and substant ..."
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The notion of opportunity, as currently discussed in entrepreneurship research, is theoreti-cally exciting but empirically elusive. This article seeks to stimulate a new conversation about entrepreneurial opportunities by distinguishing two conceptions of entrepreneurial behavior—formal and substantive—and situating the construct of opportunity within the latter. It discusses three substantive premises for studying opportunities empirically: (1) opportunity as happening; (2) opportunity as expressed in actions; and (3) opportunity as instituted in market structures. These premises stimulate research questions that can invigorate and expand the study of entrepreneurial opportunities. They invite a continuous dialogue between qualitative and quantitative methodologies in behalf of understanding how opportunities emerge and evolve at the level of individual entrepreneurs.
Firm Experience and Market Entry by Venture Capital Firms (1962–2004)joms_869 130..161
"... abstract In this paper, we examine a firm’s decision to enter new markets as related to the depth and breadth of its experience and the relative distance of those markets. We situate our discussion and analysis in the context of the venture capital (VC) industry, and examine whether and when US VC f ..."
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abstract In this paper, we examine a firm’s decision to enter new markets as related to the depth and breadth of its experience and the relative distance of those markets. We situate our discussion and analysis in the context of the venture capital (VC) industry, and examine whether and when US VC firms enter five high-technology investment markets through first-or later-round investments. This setting allows us to observe both the firms that chose to enter a new market and those that did not, and analyse the antecedents of these decisions. We find that VC firms overall are less likely to enter distant markets; those with broader experience are more likely to make first-round entries. In addition, VC firms with deeper investment experience are more likely to make first-round entries in proximate markets and less likely to enter distant markets and make later-round entries. These results offer interesting implications for the literature on organizational learning and entrepreneurship.
Thinking about entrepreneurial decision making: Review and Research agenda
- Journal of Management, Published online July
"... Judgment and decision-making research has a long tradition in management and represents a substantial stream of research in entrepreneurship. Despite numerous reviews of this topic in the organizational behavior, psychology, and marketing fields, this is the first review in the field of entrepreneur ..."
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Judgment and decision-making research has a long tradition in management and represents a substantial stream of research in entrepreneurship. Despite numerous reviews of this topic in the organizational behavior, psychology, and marketing fields, this is the first review in the field of entrepreneurship. This absence of a review of entrepreneurial decision making is surprising given the extreme decision-making context faced by many entrepreneurs—such as high uncer-tainty, time pressure, emotionally charged, and consequential extremes—and the large number of studies in the literature (e.g., 602 articles in our initial screen and 156 articles in a refined search). In this review, we (1) inductively categorize the articles into decision-making topics arranged along the primary activities associated with entrepreneurship—opportunity assess-ment decisions, entrepreneurial entry decisions, decisions about exploiting opportunities, entre-preneurial exit decisions, heuristics and biases in the decision-making context, characteristics of the entrepreneurial decision maker, and environment as decision context; (2) analyze each context using a general decision-making framework; (3) review and integrate studies within and across decision-making activities; and (4) offer a comprehensive agenda for future research. We believe (hope) that this proposed review, integration, and research agenda will make a valuable contribution to management scholars interested in decision making and/or entrepreneurship.
Forthcoming in the EIASM Delft special issue of the Journal of Product Innovation Management Running Title: Constraints and Opportunity Identification
"... Directive deficiencies: How resource constraints direct opportunity identification ..."
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Directive deficiencies: How resource constraints direct opportunity identification
1 Directive Deficiencies: How Resource Constraints Direct Opportunity Identification in SMEs
"... The authors are grateful to Tony Di Benedetto, Scott Shane and participants of the 18 th International Product Development Management Conference for their helpful comments. Any ..."
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The authors are grateful to Tony Di Benedetto, Scott Shane and participants of the 18 th International Product Development Management Conference for their helpful comments. Any
< Corporate Strategy < Business Policy and Strategy < Topic Areas
"... Topic Areas, Corporate diversification (e.g., portfolio, product, geographic) ..."
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Topic Areas, Corporate diversification (e.g., portfolio, product, geographic)
Innovation Outside Firm Boundaries: A Real Options Perspective on Appropriability, Commercialization Strategies and Firm Performance
, 2013
"... This Dissertation is brought to you for free and open access by the Graduate School at Trace: Tennessee Research and Creative Exchange. It has been accepted for inclusion in Doctoral Dissertations by an authorized administrator of Trace: Tennessee Research and Creative Exchange. For more ..."
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This Dissertation is brought to you for free and open access by the Graduate School at Trace: Tennessee Research and Creative Exchange. It has been accepted for inclusion in Doctoral Dissertations by an authorized administrator of Trace: Tennessee Research and Creative Exchange. For more
IS THAT AN OPPORTUNITY? A MULTILEVEL INVESTIGATION OF THE INDIVIDUAL-OPPORTUNITY NEXUS AND OPPORTUNITY BELIEFS By
, 2014
"... Is that an opportunity? : a multilevel investigation of the individual-opportunity nexus and opportunity beliefs. ..."
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Is that an opportunity? : a multilevel investigation of the individual-opportunity nexus and opportunity beliefs.
